Shenzhen’s housing watchdog has called for an end to sales gimmicks in a bid to take the heat out of a buying frenzy gripping the southern Chinese city.The move followed crazed scenes at the launch of a new development in the city’s Guangming district as 3,000 people shrugged off concerns about Covid-19 and queued on Wednesday evening to enter a draw for the right to buy one of just 394 homes. Police had to help disburse the crowd before the tickets for the lottery-style selection process…
Source : South China Morning Post
Read more…Shenzhen housing watchdog vows to rein in buying frenzy after police disbursed 3,000 people queuing at new project launch















